Estate planning is a vital piece of any financial plan. No matter how well a person has saved and invested their money over time, inaction or procrastination when it comes to wills, trusts, and beneficiary designations can have disastrous consequences. Without valid, up to date documents in place, one’s assets may be distributed in suboptimal ways – either because the …
No One Can Predict the Future
“Our approach to investing flows from a single, bedrock principle: the future is unpredictable and uncertain. Indeed – and this is actually quite interesting – even having knowledge of the future doesn’t provide actionable insight as to how markets will behave given that future.” So begins our book, Thinking About Investing: Two Decades of Reflective Commentary on Markets and Money. Each of …
Buddy Rosenbaum: Psychologist, Entrepreneur & Motorcycle Adventurer
Since we recently expressed gratitude for the generations of advisors and clients at Park Piedmont, we wanted to highlight one family we’ve been working with for decades. Bernard (Buddy) Rosenbaum is an Industrial/Organizational Psychologist with a doctorate degree from Columbia University. Buddy began working with Park Piedmont co-founder Vic Levinson before Park Piedmont existed. Though the firm wasn’t founded until …
Generations
As Park Piedmont moves into its third decade serving our clients, I wanted to share a few personal reflections on our family firm. First, we’ve been very fortunate to see the firm grow significantly over the years. Initially, in 2003, Vic and I worked just with Lynette, who many of you will remember as our longtime, beloved Client Service guru. Tom …
Park Piedmont Named RIA of the Year Award Finalist
We’re thrilled to share that Park Piedmont has been named a finalist for RIA of the Year in the “Under $1 Billion in Assets Under Management” category by RIA Intel. (As of the end of May 2024, PPA manages just under $1 billion for our clients.) • • • “RIA Intel is delighted to announce the finalists for its third annual RIA Intel Awards. “We had …
Amy Gallo: Best-Selling Author, Speaker, and Workplace Expert
Amy Gallo, a client of Park Piedmont, has dedicated her career to helping people improve their lives at work, asking and answering questions such as: How can we make our work environments and relationships more positive and less stressful? Amy is a workplace expert who writes and speaks about gender, interpersonal dynamics, difficult conversations, feedback, and effective communication. She is the best-selling …
Lessons on Investing from Daniel Kahneman
“Daniel Kahneman may well have had more influence on investing than anyone else who wasn’t a professional investor.” That’s a considerable statement, especially coming from Wall Street Journal columnist Jason Zweig, also known as The Intelligent Investor. But considering Kahneman’s life’s work, it’s convincing. Kahneman – a psychologist at Princeton and the 2002 winner of the Nobel Prize in economics …
Peter Brill and Wendy Lewis: World Travelers & Thoughtful People
Park Piedmont clients are entrepreneurs and homemakers, world-renowned physicians and award-winning authors and directors, the founders of startups and the owners of closely-held businesses, and young professionals and retirees. The common thread is that they are thoughtful, intelligent people doing good and interesting things with their lives. Today we’re kicking off a new series to help our clients get to know other …
Money, Meet Meaning: Introducing a New Podcast
April 15, Tax Day: the culmination of our annual season of data-gathering, number-crunching, and spiritual reflection. What’s that? You don’t use tax season as an opportunity for self-examination and renewal? OK, fine – me neither. Tax Season is a time-intensive, laborious grind, and you’re no doubt in good company if you offer a grunt of thanksgiving when it mercifully wraps up. In many ways, …
An Ongoing Battle Between Facts and Vibes
Here’s something curious. This week The Wall Street Journal published the results of a survey it conducted with several thousand swing state voters. The paper asked about political preferences, naturally, but its questions extended into the survey respondents’ views of the economy. According to the Journal, about three-quarters of respondents said inflation had moved in the wrong direction over the …